tv Nevada Newsmakers NBC February 25, 2016 12:00pm-12:30pm PST
science professor at unr. you just got back from taiwan. what's the mood in the taiwan. there's been a change in leadership there and not so keen on working so well with the chinese government. yeah, i think a great move in taiwan. tie taiwan society has changed. for the past several years the tie taiwanese government is with a government with beijing. but the distribution of these benefits are not equal. so a lot of the people have all kinds of frustrations especially the younger generation. so that's why the ruling party came. the d.p.p.
won the election in the past month. so do you think that's going to increase tensions between china and taiwan? >> i would say yes and no. yes in the sense because the in coming ruling party will be sort of proceed dependence. tradition of proceed independence political party. but i would say no because even the in coming ruling party they don't want to return back to the crisis situation between 2008. so they actually -- the reason that the election is not is primarily about pro independence or pro unification.
it to be in macao or hong kong. >> both of those are sar. special administrative region. you don't see that happening in the foreseeable future for taiwan. although from beijing's perspective they just want to use the two country formula. i don't think that this formula will be likely to be accepted by the majority in taiwan. i think for a long time both sides the realistic solution is maintain the status quo. so maintain the status quo. even though beijing wants to reunify with tie that i. there must be more creative solution. so maybe one country, two governments.
definitely one country, two system is not widely accepted in taiwan. >> i have a friend who consults with hotels and recently returned from china. the thing that was shocking to him at the malls that there was no business going on. that people weren't spending money. most of the restaurants were empty. have the chinese people just looked at what's going on with the economy we're not spending any money? >> i think there are some serious problems in chinese economy because the previous economic model he focus on investment and exporting and their model does not work very well. i would say that the chinese economy is in a painful stage of
transition, in a transitional period. and plus the stock market is not very good. i think a lot of people are concerned with the economic prospect. that would possibly discuss what you're describing. i think some of the fundamentals of china's economy are not that bad. the key issue whether the government could implement the reform plan, the market driven reform plan successfully in the future. >> explain what that is. >> they want to let the private sector to play a more important role. they want to increase the service sector in the economy. not just rely on hefavy investment or hf's industries. also they want to have more knowledge based economy like
rather than energy consumption. those type of things might bring new opportunities for the chinese economy. >> is the chinese economy prepared to get out of the way. that's exactly a big tension in china. so on the one hand the chinese leaders they have very ambitious reform plan. we want to reform china's economy. that will be a more sustainable model. especially the chinese communist party the leadership they're worried about their political stability. in recent several years they have tightened their political control for many of the china experts outside of china or china watchers they worry about the tension or even the contradictory train.
to invest in the stock market and do other things like that. they've gone back to the traditional role of being favorites. >> i'm not too pesquierasimistic. some other factors indicate that china's government reform plan is partially successful because the automobile sale in china are booming. so a lot of people are buying cars. american companies like general motors had a very good year in china. >> they're building factories there. >> yeah. >> because the market of china is huge. always there are some problem. there are some other opportunities. >> let me ask you about macao, and base on what happened with hong kong. i remember being in china just
government in hong kong. talking to people we're not expecting the chinese government to change hong kong. they wanted hong kong what it is that was to be a international banking and investment center. they've been hands off allowing hong kong to be hong kong. when they took macao they encouraged countries to invest heavily in macao and then there were all of these crackdowns. what we're seeing now instead of the high rollers coming in and spending vast amounts of money they're trying to bring more of the general population of china to come to macao. am i correct in my thinking there. let me put it this way. for a few years macao their
but that cannot be sustainable. so they because of a corruptive officials so with the chinese government implement the anti-corruption campaign that reduced the revenue for macao. on the other hand macao is also tried to transform its economic growth model. so gambling industries. even the chinese top leader, the chinese president jing ping visited the market. they have a university macao invest in the university to create high tech industries for the economy.
it can not allow their corrupt officials for their economy basis. >> what they said to the gaming business you have to do a lot more than gaming much it has ton restaurants and shopping centers. it seems what the government is pushing in mao could you. >> yes. they encourage them to change their industries to serve more common people, the public, and also diversify their economy. that's also the general guidance from the government. >> suggestion. what do you make of the idea of these hotels that are hoping in 2016 in macao where the government won't tell them how many gaming tables they're going to allow them. if they're granting them they're
tables they say they need. wynn for example how do they plan when they have no idea how many gaming tables they have to hire for. i'm not sure about that. i think that the overall trend is macao government not to purely rely on the gaming industries. that's one of the major factors. do you know when the bridge that's built from macao and hong kong is going to be built. >> once the road opens i think that's going to be a lot more business. we'll talk about international
back. back on "nevada newsmakers" we continue our conversation with xiaoyu pu. so president jing ping has been travelling around the world. he ended up in both iran and also saudi arabia. what do you make of this? for several decades the which ichinese for guiding diplomacy is play a low profile role. there are a lot of the debates in china whether the chinas government should maintain a low profile or play a more active role.
more active participatory role. >> do you think that the china is trying to be an arms player in terms of supplying arms in the middle east? >> i'm not sure that's the major factor because china's interests in the middle east -- i think primarily of business and economic interest. and oil. i'm -- i don't think that the military factor is a major factor. >> but this is -- what will this. of course i think conventionally china should benefit enormously from the low oil price because they could reduce manufacturing
of the other economic problems so china -- it's not that obvious. so the benefits are not obvious. i'm not saying given china's other problems. the oil price also reduced the manufacturing cost for china's competitors because fact raes, they also enjoying the benefit of the low oil price. >> let me talk to you about this. nuclear power in china. is this continuing to grow or other renewable instead of now clear energy. nuclear energy, i think nuclear energy is growing in china. china has huge energy demands and also like the environmental protection is a big
rely upon the assumption of coal or some other so nuclear energy is a big part of china's nuclear energy. >> what are renewables. do you see that industry taking off in china. >> the government is willing to invest in renewables. as i said china has huge environmental pollution problem so the government has real incentives to encourage these renewable energy industries. so tax reduction, other financial incentives to encourage rawenewable energy industries. >> let me ask you about a company because of the ipa is alley baba. >> how do you compare alley baba
>> in a sense it's similar. so now online shopping is very popular in china. >> but now it's interesting you bring it up. for example there's quite a bit of censorship with the news media on the internet in china. what about commerce. is there any form of the sensor censorship there. >> not that obvious. for political news, sometimes that could be sense ti. that's much more open. when you look at for example central and south america.
money into projects for minerals and things like that. but now the chinese economy is slowing down. a lot of those projects are failing. what do you see china's role in the near future in the developing world beyond china? >> i think i agree with you in a sense that china is a lot of the north american countries like brazil they have huge economic problems primarily driven by china's economic slowing down because china's demand for demand for oil is declining. that creates a lot of problems for latin-american countries. do you think it's going to continue to slow down.
because china's economy has entered into a new stage. when it enters a more advanced stage. give it plus china as i said before is in a painful transition from the old model to the new model. in a transition period the gross rate will not be very high. 5% or 6%. >> compared to the united states that's huge. >> but for china it's still a developing emerging economy so 5% or 6% is not that high compared to 10 years ago it's always double digit growth. >> it's not like it's going backwards. we will not seeing a double digit growth for china again. >> it's always a pleasure having you on here. >> thank you.
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